Rule · CBN · 27 May 2005 · TED-AD-60-2005

Closure of Foreign Exchange Market For Democracy Day Holiday

On May 27, 2005, the Central Bank of Nigeria notified all authorized dealers about the closure of the foreign exchange market for Democracy Day on Monday, May 30. Due to this holiday, no auctions will occur that day but the market will resume operations on Wednesday, June 1. The bank extended its warm wishes for a joyous Democracy Day celebration.

NigeriaCentral Bank of Nigeria

09 616 37 804 09 616 37 802 Our Ref: TED/AD/ 58/2005 May 27, 2005 E-mail: ted@cenbank.org TO ALL AUTHORISED DEALERS CLOSURE OF FOREIGN EXCHANGE MARKET FOR DEMOCRACY DAY HOLIDAY IN CONSIDERATION OF THE FEDERAL GOVERNMENT DECLARATION OF MONDAY 30TH MAY, 2005 AS A PUBLIC HOLIDAY IN CELEBRATION OF DEMOCRACY DAY, AUTHORISED DEALERS ARE HEREBY INFORMED THAT THERE WILL BE NO AUCTION ON THAT DAY.

HOWEVER, THE MARKET WILL RE-OPEN FOR BUSINESS ON WEDNESDAY, 1ST JUNE, 2005. WE WISH YOU ALL A HAPPY DEMOCRACY DAY CELEBRATION.

O. O. AKANJI (MRS)
DIRECTOR
TRADE & EXCHANGE DEPARTMENT

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